Livent says Allkem deal will help accelerate lithium supply
Livent CEO Paul Graves
As a magazine-and-online subscriber to Creamer Media's Engineering News & Mining Weekly, you are entitled to one free research
report of your choice. You would have received a promotional code at the time of your subscription. Have this code ready and click
At the time of check-out, please enter your promotional code to download your free report.
Email email@example.com if you have forgotten your promotional code.
If you have previously accessed your free report, you can purchase additional Research Reports by clicking on the “Buy Report” button on this page.
The most cost-effective way to access all our Research Reports is by subscribing to Creamer Media's Research Channel Africa - you can upgrade your subscription now at this link.
The most cost-effective way to access all our Research Reports is by subscribing to Creamer Media's Research Channel Africa -
you can upgrade your subscription now at this link.
For a full list of Research Channel Africa benefits, click here
If you are not a subscriber, you can either buy the individual research report by clicking on the ‘Buy Report’ button, or you can
subscribe and, not only gain access to your one free report, but also enjoy all other subscriber benefits, including 1) an electronic archive of back issues
of the weekly news magazine; 2) access to an industrial and mining projects browser; 3) access to a database of published articles; and 4) the ability to
save articles for future reference.
At the time of your subscription, Creamer Media’s subscriptions department will be in contact with you to ensure that you receive a copy of your preferred Research Report. The most cost-effective way to access all our Research Reports is by subscribing to Creamer Media's Research Channel Africa - you can upgrade your subscription now at this link.
If you are a Creamer Media subscriber, click here to log in.
A merger between Allkem and US lithium rival Livent will help the combined $10.6-billion firm speed up plans to produce more of the battery metal, Livent’s top executive Paul Graves said.
“By putting the two companies together it was clear we could accelerate the pace at which we bring more lithium capacity online,” Graves said Wednesday in an interview with Bloomberg Television.
Rather than a defensive play, the transaction was driven by long-term factors as demand for the key ingredient in electric-vehicle batteries accelerates in the green-energy transition, Graves said in an interview with Bloomberg Television. He didn’t rule out more deals in the future.
“Bigger is better to a point. What’s most important is to have the sufficient scale to grow with your customers,” Livent’s CEO said. “If we need to do more to continue to grow with customers, that’s certainly something we’ll take a look at.”
Lithium customers are pushing for the US to assign special status to Argentina to qualify for benefits under the Inflation Reduction Act, which is also in the US’s best interests, Graves said.